How to properly go about creating a website/online business with a few friends legally?
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Hello. I am in the process of creating a website with a few friends. We would like to monetize this website with things like Google AdSense or Kontera and want to go about doing it legally. As residents of the United States, I am unsure what steps we need to take to set this up. Essentially, I am hoping that all revenues that are being earned and the taxes associated with those revenues will be the sole responsibility of each "partner" depending on the split. I do not want all of the taxes to become my burden at the end of the year because the government has it listed under my revenue as the account holder. I hope this makes sense. Essentially I am being told that I should look into creating a Partnership opposed to a LLP. However, I am not sure how this would work exactly. With Google AdSense, it requires that you sign up for personal accounts or a business account. If you choose a business account you must then provide bank info for that business. Is a Partnership technically a legal business and can bank accounts be created for it?
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Answer:
congrats for your new business, as you told you want to advertise with Google or kontera. Why not trying to monetize your business for free by directory submission like http://www.directory.ac. There is tonnes of directory available on the web which is available for Business Listing, Business Submission Business promotion, and Business marketing. For promotion of your business you can also do forum posting, social media marketing, social bookmarking. All these will help you to monetize your website.
JONATHAN M at Yahoo! Answers Visit the source
Other answers
congrats for your new business, as you told you want to advertise with Google or kontera. Why not trying to monetize your business for free by directory submission like http://www.directory.ac. There is tonnes of directory available on the web which is available for Business Listing, Business Submission Business promotion, and Business marketing. For promotion of your business you can also do forum posting, social media marketing, social bookmarking. All these will help you to monetize your website.
Get a legal advice first before making any move.
Your city has both a SCORE and SBA office likely listed in your white or yellow pages, they're there to mentor new entrrepreneurs and are free to consult with. They're your best local source.
Yes a partnership is a legal business and bankaccounts can be created. Get a lawyer do you do it right.
Yes a partnership is a legal business and bankaccounts can be created. Get a lawyer do you do it right.
BryanLee
Your city has both a SCORE and SBA office likely listed in your white or yellow pages, they're there to mentor new entrrepreneurs and are free to consult with. They're your best local source.
Elaine M
Get a legal advice first before making any move.
Jay Weaver
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